Beijing, China (FT.com) — China defied widespread fears about a new slowdown in the global economy to record another surge in exports last month compared to the same period last year, although the figures will also draw attention again to whether the Chinese currency remains undervalued.A 44 percent increase in exports last month year-on-year led China to rack up another large monthly trade surplus in June, the $20 billion result adding to the surplus of $19.5 billion in May, which could indicate that China’s external surplus might balloon again in the second half of the year.The Chinese central bank announced on June 19 that it was abandoning a near two-year peg to the U.S.
Posts Tagged ‘Global Economy’
China exports up 44 percent in spite of global fears
July 13th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Beijing China, China Currency, China Exports, Chinese Central Bank, Chinese Currency, Currency Manipulator, Dollar Terms, Economist, Fears, Global Economy, Global Growth, Gravity, Mccarthy, Orlik, Peg, Renminbi, Slowdown, Spite, Tax Rebates, Trade Surplus 
Comments OffRussian GDP Grew 2.9% Last Quarter on Stimulus, Oil
May 15th, 2010 Before You Invest (Bloomberg) — Russia’s economy expanded for the first time since 2008 in the three months through March as the world’s largest energy producer rebounds on an oil-funded stimulus program and record-low borrowing costs.Yucky domestic product rose an annual 2.9 percent in the first quarter after contracting 3.8 percent in the last three months of 2009, Economy Minister Elvira Nabiullina said at a meeting in Moscow today.
Posted in Finance Fraud Tags: Bank Of America, Collapse Of The Soviet Union, Commodity Prices, Economic Environment, Economy Minister, Economy Of India, Energy Producer, Gdp Data, Global Economy, Global Recovery, Gross Domestic Product, Median Estimate, Merrill Lynch, Nordea Bank, Nordea Bank Ab, Quarter Gdp, Rubles, Statistics Office, Stimulus, Vladimir Putin Comments OffCotton ‘Too Cheap’ to Draw Significant New Acreage
March 18th, 2010 Before You Invest (Bloomberg) — The global cotton market will remain tight through the next crop season as futures prices are too low to induce farmers to significantly boost the area that they devote to the fiber, Olam International Ltd. said.The December contract needs to rise to about 85 cents a pound to attract the planting needed to produce a surplus huge enough to replenish stockpiles, said Cliff White, senior vice president at Olam, one the world’s three largest cotton traders.
Posted in Finance Fraud Tags: Acreage, Bloomberg, Cotton Market, Cotton Traders, Crop Season, Department Of Agriculture, Farmers, Futures Prices, Global Cotton, Global Economy, Groups, International Cotton, International Ltd, March 1, Phone Interview, Producers, Recession, Richardson Texas, Senior Vice President, Stockpiles Comments OffCommodities : Sugar
March 6th, 2010 Before You Invest With the global economy showing signs of stabilization and recovery, demand for sugar is accelerating in developing countries, and ICE’s Sugar No. 11 markets are increasing in depth and liquidity. In the month of January 2010, more than $75 billion in notional value of Sugar No. 11 futures were traded on ICE Futures U.S.
Posted in Finance Fraud Tags: Agricultural Commodities, Cane Crop, Dollar Index, Emerging Economies, Energy Consumption, Ethanol Production, Food Staple, Futures Contract, Global Economy, Global Population, Harvest Seasons, International Sugar Organization, Open Interest, Political Developments, Predominant Component, Principal Export, Raw Sugar, Sugar Prices, Sugar Production, Supply Constraints Comments OffJapan launches $81bn economic stimulus package
December 9th, 2009 Before You Invest The Japanese government has announced it is pumping $81 billion (7.2 trillion yen) to help boost the country’s flagging economic recovery.Despite the Japanese economy reporting growth in the last two quarters, analysts believe it may be vulnerable to another downturn if the yen remains strong, making the country’s exports less competitive in foreign markets.The stimulus package has been agreed upon by Japan’s coalition government, which is made up of three different parties.But with the country’s public debt approaching 200 per cent of its yucky domestic product, economists believe the money will not provide long-term security for the Japanese economy.Yasunari Ueno, chief market economist at Mizuho Securities, said: “This may help the economy somewhat.”But it doesn’t even start to address the more fundamental issues facing Japan, such as weaknesses in the global economy and deflation.”Last month, Japan’s cabinet office warned that the country had returned to deflation for the first time since 2006.
Posted in Finance Fraud Tags: Cabinet Office, Chief Market, Coalition Government, Downturn, Economic Recovery, Economic Stimulus Package, Economists, Foreign Markets, Fundamental Issues, Global Economy, Gross Domestic Product, Japanese Economy, Japanese Government, Long Term Security, Market Economist, Mizuho Securities, Public Debt, Quarters, Trillion, Yen No Comments »Geithner, Brown Split on Tobin Tax at G-20 Meeting
November 9th, 2009 Before You Invest (Bloomberg) — Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France.
Posted in Finance Fraud Tags: Amp, Apps, Banking System, Excessive Risk, Finance Chiefs, Financial Crisis, Global Economy, Gordon Brown, Great Depression, Levy, Momentum, Pid, Prime Minister Gordon Brown, Risk Taking, Speculation, St Andrews Scotland, Timothy Geithner, Tobin Tax, Treasury Secretary, U S Treasury No Comments »OPEC leaves output unchanged
May 28th, 2009 Before You Invest OPEC agreed to keep its production levels unchanged on Thursday, betting that higher oil demand as the global economy recovers would push prices towards the cartel’s target of $75-$80 a barrel by the end of the year.Opec, which produces about 40 per cent of the world’s oil, has announced three output cuts since September, totalling 4.2m b/d – about 5 per cent of global oil demand – in an effort to shore up oil prices.While gold consolidated around the $950 an ounce level, caution dominated sentiment in commodity markets amid concerns about the outlook for the dollar and pressures in the Treasury bond market due to soaring levels of government debt.Nymex July West Texas Intermediate traded just 2 cents higher at $63.47 a barrel afar reaching $63.82 during the previous session, a fresh seven-month high. ICE July Brent dipped 6 cents at $62.44 a barrel.Gold traded at $9487.70 a troy ounce, moving between a low of $943.55 and a high of $951.55 after ending trading in New York in the previous session at $948.Investor inflows into gold exchange traded funds have stalled with holdings in the SPDR Gold Trust, the largest physically backed fund unchanged at 1,118.76 tonnes since May 22.John Reade, precious metals analyst at UBS said investors in the gold market were concerned about increasing levels of government debt, the threat of currency debasement and rising inflationary pressures.“We suspect that the recent moves in US fixed income markets (the benchmark US 10-year Treasury yield rose 19 basis points to 3.74 per cent on Wednesday) have strengthened the case for owning gold and that any sign of a push higher in TIPS spreads towards and beyond the 2.71 per cent high seen over the past five years could trigger considerably more interest in gold as a hedge against inflation,” said Mr Reade.
Posted in Finance Fraud Tags: 10 Year Treasury, Basis Points, Commodity Markets, Debasement, Exchange Traded Funds, Global Economy, Global Oil, Gold Exchange Traded Funds, Gold Market, Government Debt, Inflationary Pressures, Levels Of Government, Oil Demand, Opec, Precious Metals, Spdr, Target, Treasury Bond Market, Troy Ounce, West Texas Intermediate No Comments »Economists predict W-shaped recovery
May 23rd, 2009 Before You Invest Many economists reckon the economic recovery will be “W shaped,” meaning the economy might go up and down before resuming a course of growth. Most recoveries since the 1940s have been V shaped. This time, the Federal Reserve and other central banks have been injecting trillions of dollars into the global economy, meaning a sharp rise in inflation could fuel a bouncy ride ahead, observers said.more athttp://www.newsweek.com/id/199164
Posted in Finance Fraud Tags: 1940s, Central Banks, Economic Recovery, Economists, Federal Reserve, Global Economy, Inflation, Newsweek, Observers, Trillions No Comments »China’s GDP to overtake U.S. by early 2020s, says Deutsche Bank
April 24th, 2009 Before You Invest China will overtake the U.S. in terms of economic output within a decade, according to estimates released Thursday by Deutsche Bank, which said it had to accelerate its forecast of the mainland’s leadership in the global economy in view of favorable growth dynamics in emerging markets.China’s growth will be underpinned by a rapid expansion in emerging market economies, which will account for about 70% of global GDP growth in the coming decade, Deutsche Bank’s Chief Economist for Greater China, Jun Ma, told an investment conference in Hong Kong.China will “massively invest” in these emerging economies using its nearly $2 trillion in foreign exchange reserves, extend its leverage by extending loans to the International Monetary Fund, and allow the yuan to appreciate in preparation for the currency’s potential reserve status. more athttp://www.marketwatch.com/news/tale/chinas-gdp-overtake-us-early/tale.aspx
Posted in Finance Fraud Tags: Chief Economist, China Gdp, Deutsche Bank, Economic Output, Emerging Economies, Emerging Market Economies, Emerging Markets, Favorable Growth, Foreign Exchange Reserves, Gdp, Gdp Growth, Global Economy, Global Gdp, Greater China, Growth Dynamics, Hong Kong China, International Monetary Fund, Investment Conference, Rapid Expansion, Yuan No Comments »IMF predicts troubled assets could spiral to $4 trillion
April 7th, 2009 Before You Invest The International Monetary Fund is forecasting that financial institutions have racked up $4 trillion in troubled debt. In its upcoming assessment of the global economy, the IMF is expected to raise its estimate of the deterioration of assets originated in the U.S. from $2.2 trillion to $3.1 trillion by the end of 2010.
